Evergy Inc. (NASDAQ:EVRG) Stock Has Average Price Target of $90.00 According to Brokerages

Shares of Evergy Inc. (NASDAQ:EVRG) have earned an average rating of “Moderate Buy” from the thirteen research firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $90.00.

Several brokerages recently weighed in on EVRG. Royal Bank Of Canada reissued an “outperform” rating on shares of Evergy in a research report on Friday, October 9th. TD Cowen initiated coverage on Evergy in a research report on Thursday, October 22nd. They set a “buy” rating and a $95.00 price objective on the stock. BMO Capital Markets lowered their target price on shares of Evergy from $89.00 to $85.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 13th. Barclays dropped their price target on shares of Evergy from $92.00 to $86.00 and set an “overweight” rating on the stock in a report on Monday, October 19th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Evergy in a research note on Friday, August 7th.

Evergy Price Performance

Shares of NASDAQ:EVRG opened at $87.41 on Friday. Evergy has a 1-year low of $71.40 and a 1-year high of $89.66. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.36 and a quick ratio of 0.21. The business has a fifty day moving average price of $81.67 and a 200-day moving average price of $82.20. The company has a market capitalization of $20.15 billion, a PE ratio of 22.19, a PEG ratio of 2.23 and a beta of 0.49.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings results on Thursday, November 5th. The company reported $2.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.33 by $0.25. The company had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $1.93 billion. Evergy had a net margin of 15.19% and a return on equity of 9.20%. During the same quarter in the previous year, the business posted $2.03 EPS. As a group, equities analysts expect that Evergy will post 4.27 EPS for the current fiscal year.

Evergy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Shareholders of record on Friday, November 20th will be given a $0.7225 dividend. This is a boost from Evergy’s previous quarterly dividend of $0.6950. The ex-dividend date of this dividend is Friday, November 20th. This represents a $2.89 dividend on an annualized basis and a yield of 3.3%. Evergy’s payout ratio is presently 70.56%.

Trending Headlines about Evergy

Here are the key news stories impacting Evergy this week:

• Positive Sentiment: Q3 results topped estimates: Evergy reported earnings of $2.58 per share, versus the $2.33 consensus, and revenue of $2.10 billion, above expectations of $1.93 billion. Earnings also rose from $2.03 per share a year earlier. Read More.
• Positive Sentiment: 2026 guidance increased: Evergy now expects adjusted EPS of $4.35–$4.50, above the FactSet estimate of $4.29. The company attributed growth to its Kansas Central and Metro businesses. Read More.
• Positive Sentiment: Dividend raised: Evergy declared a quarterly dividend of $0.7225 per share, up 4% from $0.6950, equivalent to $2.89 annually and a reported 3.3% yield.
• Positive Sentiment: Demand and investment outlook: Earnings-call coverage pointed to customer-demand growth and continued investment, adding support to the company’s longer-term growth narrative. Read More.

Insider Buying and Selling

In related news, Director Jonathan Rolph bought 1,640 shares of the firm’s stock in a transaction on Friday, September 11th. The stock was acquired at an average cost of $81.47 per share, for a total transaction of $133,610.80. Following the purchase, the director owned 670 shares in the company, valued at approximately $54,584.90. This represents a -169.07% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.52% of the company’s stock.

Institutional Trading of Evergy

Several large investors have recently modified their holdings of the company. Magellan Asset Management Ltd purchased a new position in shares of Evergy during the second quarter valued at about $187,857,000. Legal & General Group Plc purchased a new position in Evergy during the 2nd quarter valued at approximately $138,233,000. Energy Income Partners LLC bought a new stake in Evergy in the 2nd quarter worth approximately $110,394,000. The Manufacturers Life Insurance Company bought a new stake in Evergy in the 2nd quarter worth approximately $54,307,000. Finally, Hsbc Holdings PLC bought a new stake in Evergy in the 2nd quarter worth approximately $53,210,000. Institutional investors own 87.24% of the company’s stock.

About Evergy

Evergy, Inc is an investor-owned electric utility that generates, transmits, distributes and sells electricity to residential, commercial, industrial and municipal customers. The company operates regulated utilities in Kansas and Missouri, providing electric service through its Kansas Central, Kansas South, Missouri Metro and Missouri West operations.

Evergy’s generation portfolio includes wind, solar, coal, natural gas and nuclear power. The company also owns an interest in the Wolf Creek Generating Station, a nuclear power plant in Kansas, and continues to invest in renewable energy, grid modernization and other infrastructure intended to support reliable electricity service.

Evergy was formed in 2018 through the merger of Westar Energy and Great Plains Energy, the parent company of Kansas City Power & Light.